【导读】一季度券商债券承销榜单揭晓 5月15日晚间，中国证券业协会发布2025年一季度证券公司债券（含企业债券）承销业务专项统计。科创债与民企债承销规模双双突破千亿元，其中，科 技创新公司债的承销业务呈现出强劲增长态势，承销数量与金额均实现显著提升。此外，券商还在多个细分债券领域积极发力，展现出多元化的业务布局 和专业的服务能力。 业内人士表示，近年来债券承销业务正日益成为券商投行业绩的重要支撑，因此，券商正加速提升债券承销服务能力、进一步布局创新型债券品种，开拓 盈利新增长点，并重视在细分领域构筑特色优势。 科技创新债承销规模超千亿元 科技创新债方面，数据显示，2025年一季度作为科技创新债券主承销商的证券公司共40家，承销107只债券，同比增加25只，规模合计1042.93亿元，同比 增长10.26%。 从承销规模来看，排名前5的仍然是中信证券、中信建投、国泰海通、中金公司以及华泰联合。前4家券商承销规模超过百亿元，其中，中信证券以243.58 亿元遥遥领先，位居行业第一。 | 序号 | 公司名称 | 金额(亿元) | | --- | --- | --- | | 1 | 中信证券 | 243.58 | | ...

Core Viewpoint - The Private Economy Promotion Law will officially take effect on May 20, marking a significant step in establishing the legal status of the private economy and enhancing fair competition and rights protection for private enterprises [1] Group 1: Role of Capital Markets - The capital market has become a crucial platform for the development of the private economy, with approximately 80% of companies on the Sci-Tech Innovation Board, Growth Enterprise Market, and Beijing Stock Exchange being private enterprises, and about 90% of companies on the New Third Board being private [1] - Securities firms are accelerating the creation of a comprehensive service system covering the entire lifecycle of private enterprises, which will further optimize the financing structure and quality for these companies [1] Group 2: Multi-faceted Support from Securities Firms - Securities firms can enhance support for private enterprises by building a diversified financing system to improve financing accessibility and affordability, addressing long-standing issues of financing difficulties and high costs [2] - In 2024, the industry is expected to underwrite or manage 430 private enterprise bonds or asset-backed securities (ABS), representing a 27.6% year-on-year increase, with a total financing amount of 461.92 billion, up 33.1% [2] - Securities firms can assist private enterprises in activating assets through methods such as targeted placements and equity pledges, while also reducing information asymmetry between private enterprises and investors [2] Group 3: Comprehensive Financial Support - Securities firms can provide personalized and continuous financial services throughout the lifecycle of private enterprises, including early-stage equity investment and support for mergers and acquisitions to enhance core competitiveness [3] - There is a focus on assisting distressed but high-quality private enterprises through bankruptcy restructuring and asset revitalization, providing financial support and introducing industrial investors [3] Group 4: Empowering Technological Innovation - Private enterprises are becoming a vital force in cultivating new productive forces, and securities firms are focusing on industries related to new productive forces to innovate investment banking products and services [4] - The recent announcement by the People's Bank of China and the China Securities Regulatory Commission to support the issuance of technology innovation bonds includes securities firms as eligible issuers, which is significant for enriching financing channels for growing technology companies [4] - The implementation of the Private Economy Promotion Law will enhance the role of securities firms in supporting national strategies and the high-quality development of the private economy, particularly in financial innovation and risk management [4]